ERELCO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ERELCO
Largest movements
- Tangible fixed assets -€27,594
down €27,594 (-7.0%), from €396,542 to €368,947
- Receivables within one year +€15,639
up €15,639 (+90.7%), from €17,246 to €32,885
of which Trade receivables: +€17,263
- Cash -€6,210
down €6,210 (-14.8%), from €42,085 to €35,875
mainly Trade debts (-€16,960) and Receivables within one year (-€15,639)
- Trade debts -€16,960
down €16,960 (-88.2%), from €19,224 to €2,264
- Gross operating margin +€26,985
up €26,985 (+1244.6%), from €2,168 to €29,153
- Depreciation -€9,340
down €9,340 (-25.6%), from €36,466 to €27,126
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,368 | €441,086 | -€20,283 | -4.4% |
| Fixed assets | 21/28 | €398,125 | €370,004 | -€28,120 | -7.1% |
| Intangible fixed assets | 21 | €1,583 | €1,057 | -€526 | -33.2% |
| Tangible fixed assets | 22/27 | €396,542 | €368,947 | -€27,594 | -7.0% |
| Land and buildings | 22 | €337,726 | €327,166 | -€10,560 | -3.1% |
| Plant, machinery and equipment | 23 | €50,996 | €39,162 | -€11,835 | -23.2% |
| Furniture and vehicles | 24 | €7,819 | €2,619 | -€5,200 | -66.5% |
| Current assets | 29/58 | €63,243 | €71,081 | +€7,838 | +12.4% |
| Amounts receivable within one year | 40/41 | €17,246 | €32,885 | +€15,639 | +90.7% |
| Trade receivables | 40 | €15,622 | €32,885 | +€17,263 | +110.5% |
| Other amounts receivable | 41 | €1,624 | - | -€1,624 | |
| Cash at bank and in hand | 54/58 | €42,085 | €35,875 | -€6,210 | -14.8% |
| Deferred charges and accrued income | 490/1 | €3,913 | €2,321 | -€1,591 | -40.7% |
| Total equity and liabilities | 10/49 | €461,368 | €441,086 | -€20,283 | -4.4% |
| Equity | 10/15 | -€95,511 | -€99,597 | -€4,086 | -4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,511 | -€119,597 | -€4,086 | -3.5% |
| Amounts payable | 17/49 | €556,879 | €540,682 | -€16,197 | -2.9% |
| Amounts payable within one year | 42/48 | €552,584 | €536,266 | -€16,318 | -3.0% |
| Trade debts | 44 | €19,224 | €2,264 | -€16,960 | -88.2% |
| Suppliers | 440/4 | €19,224 | €2,264 | -€16,960 | -88.2% |
| Taxes, remuneration and social security | 45 | - | €892 | +€892 | |
| Taxes | 450/3 | - | €892 | +€892 | |
| Other amounts payable | 47/48 | €533,360 | €533,110 | -€250 | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,295 | €4,417 | +€121 | +2.8% |
| Non-recurring operating income | 76A | - | €15,832 | +€15,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,466 | €27,126 | -€9,340 | -25.6% |
| Other operating charges | 640/8 | €5,534 | €5,796 | +€262 | +4.7% |
| Gross operating margin | 9900 | €2,168 | €29,153 | +€26,985 | +1244.6% |
| Operating profit (loss) | 9901 | -€39,832 | -€3,769 | +€36,063 | +90.5% |
| Financial income | 75/76B | €123 | - | -€123 | |
| Recurring financial income | 75 | €123 | - | -€123 | |
| Financial charges | 65/66B | €249 | €316 | +€68 | +27.1% |
| Recurring financial charges | 65 | €249 | €316 | +€68 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,958 | -€4,086 | +€35,872 | +89.8% |
| Profit (loss) for the period | 9904 | -€39,958 | -€4,086 | +€35,872 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,958 | -€4,086 | +€35,872 | +89.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.